Pepe Price Spikes 81% in a Week amid Surging Trading Volume – Is $0.000019 Plausible?

Highlights:

• Pepe price has spiked 16% to $0.000015, as bullish momentum surges.
• The meme market has increased 3.6%, as Pepe’s price soars 81% over the past week. 
• CoinGlass data shows a positive outlook, potentially causing further upside towards $0.000016.

The Pepe coin price has broken out of a consolidation channel, as the crypto market surges. The frog-themed meme coin has spiked 16%, flipping key resistance levels into support. The meme coin is exchanging hands at $0.000015, as the bulls show immense dominance.

The meme coin market has seen a 3.6% increase to $83B in the past 24 hours, with Pepe coin leading with about an 81% increase in the past week. On the other hand, the altcoins are buzzing with gains, led by Bitcoin, which has reclaimed the $105K mark. The recent spike in crypto prices follows the recent truce between the US and China. The United States has reduced its mining tariff from 145% to 30 % with a temporary measure of 90 days based on the mining method. China has dropped its tariffs by 125% to 10%, respectively.

BREAKING: United States cuts tariffs on Chinese goods from 145% to 30% for 90 days.

China lowers tariffs on US from 125% to 10% for 90 days. pic.twitter.com/FaRJfZA1hu

— Watcher.Guru (@WatcherGuru) May 12, 2025

With the recent agreement and the positive market sentiment, how high can the Pepe price go? Let’s dive into Pepe’s technical outlook and decipher more. 

Pepe Price Outlook

The frog-themed meme coin has spiked out in a splendid show of bullish muscle, currently at $0.000015. The bulls have exploded above the major key resistance at $0.000012, signaling further upside. Recently, the Pepe coin has bottomed out at $0.000008, up 78% to current levels. If the bulls sustain the bullish momentum, the meme coin could rally toward $0.000016. In a bullish case, the bulls would hit $0.000019.

The technical key indicator, which is flashing bullish, is bolstering the bullish outlook. First, the Relative Strength Index has spiked to 86.21, indicating increased buying activity. Moreover, it has surpassed the overbought territory, calling for caution among traders and investors. 

On the other hand, the PEPE Moving Average Convergence Divergence indicates a buy signal. Moreover, the green histograms bolster the bullish outlook in the market. This calls for the trader to buy more PEPE tokens unless the MACD flips below the orange signal line.

Pepe Derivatives Analysis

According to Coinglass data, the Pepe derivatives data uphold a positive outlook. This is evident as the volume has spiked about 47% to $3.11B. On the other hand, the open interest has soared 19% to $679.97M. This indicates intense market activity among investors, as new money flows into the market. 

Further, the short liquidation has acquired the lion’s share of $4.20M, while the long has taken $6.24M. The Pepe long-to-short ratio has hit 1, indicating strong buying activity. This shows that most traders and investors are betting on the Pepe price increasing to higher levels, potentially $0.000016 soon. 

However, the overbought conditions in the market call for caution. The RSI has hit the 86 level, showing intense buying opportunities. In such a case, the bulls could retrace to lower levels, to sweep through liquidity in the market. This may see Pepe’s price consolidate or drop towards lower levels before the next leg up. In case of a retracement, the bulls may seek support at $0.000013. Increased profiteering could see further downside towards $0.000012 and $0.000010.